America’s Dwindling National Wealth Authored by Michael Wilkerson via The Epoch Times, What is a rich country? In relative financial terms, it is a country whose net investment position is positive. The net investment position reflects how much one country owns of all other countries’ assets, less how much those countries own of it. Throughout most of the 20th century, the United States’ net investment position was not only positive but also the highest in the world. Those days are over. Today, foreign governments, corporations, funds, and wealthy individuals own tens of trillions more of U.S. stocks, bonds, real estate,… — Continue at ZeroHedge News : Read More
